This is pretty fascinating to me to hear Lethbridge is immune to the cyclical nature of oil and gas.

You can find the actual tax rates of all the areas in Cook County here. https://www.cookcountyclerkil....I consider real estate taxes to be the single most important factor when it comes to actually understanding if your investment will perform in these areas.

Hello BP,Can anyone help with the basic guideline and underwriting procedure for a Oil and Gas Private Money Lending?

You can include it in there, but in practice, if a smoke detector constantly goes off in the kitchen when the tenant is cooking, they are going to take it down.

@Ethan Cooke thanks for the great info.

I'm hearing more and more about certain areas banning STRs with little notice.Another option that may interest you is investing cash into a cash-flow oriented Reg-D fund, such as an oil and gas mineral rights fund.

(All units have there own oil furnace) Whats your thoughts on this plan?

They'd do all their own cooking, grocery shopping, etc.I'd purchase a ranch, of course, and convert the bathrooms to have walk-in showers, install handicap bars and install hard flooring through out. 

With single digit temps & the ONLY HVAC guys I would EVER use booked a week out, I had to do it myself.I replace the $120 hydronic solenoid head while the boiler was running & then had to find a replacement for a cooked $60 Class 2 24v transformer that's apparently only available on-line or at an obscure HVAC store several miles away. 

Sometimes with these levels of rental properties you'll get applicants who state their income is from doing yard work or day labor work or as cooks or wait staff.